11 June 2012
Dear sir, i'm doing audit of our client & during the audit I've got the point that they incurred the an amt.Rs130000 towards repairs& maintenance of factory building, instead of capitalizing the same they charge to p&l a/c of the current year ,is it right or not...? AND when the amt.incurred for repairs & maintenance of the fixed assets should be capitalized.
CAclubindia
